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Samsung, LG, and SKT hook up for chip design

There's a lot of Kumbaya going around in South Korea this morning with the announcement that Samsung and LG -- normally the most bitter of archrivals -- will start working together to develop the next generation of chips for digital TVs and phones. Also being pulled into the love fest is domestic carrier SK Telecom, South Korea's largest, who will be working specifically on designing wireless systems-on-chip for use in handsets. Interestingly, it seems Sammy will be left out of the loop on actual design; that'll be left to LG and others, while Samsung will be responsible for manufacturing and testing the goods. For its part, the government seems to like what it sees here -- it's pumping some 19.5 billion won (about $15.7 million) into the project, though there's no word on when we'll see the fruits of the labor in a retail product.